LEASES (Tables)

3 Months Ended

Mar. 31, 2025

LEASES [Abstract]

Rent Expense for All Operating Leases Except Those with Terms of 12 Months or Less

Rent expense for all operating leases, except those with terms of 12 months or less, comprises:

	(in thousands)
	Three Months Ended			Three Months Ended
	March 31, 2025			March 31, 2024
Minimum rentals		$	2		$	4
Contingent rentals			–			–
		$	2		$	4

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

	(in thousands)
	Three Months Ended			Three Months Ended
	March 31, 2025			March 31, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	2	$	4
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	412	$	504

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

	(in thousands, except lease term and discount rate)
	March 31, 2025			December 31, 2024
Operating Leases:
Operating lease right-of-use assets	$	412		$	414
Other current liabilities	$	8			8
Operating lease liabilities		403			404
Total operating lease liabilities	$	411		$	412
Weighted Average Remaining Lease Term
Operating leases	68 years			68 years
Weighted Average Discount Rate
Operating leases		5.0	%		5.0	%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities that have initial or remaining non-cancelable lease terms in excess of one year as of March 31, 2025 are as follows:

	(in thousands)
	Operating Leases
Year
2025	$	28
2026		28
2027		28
2028		20
2029		20
Thereafter		1,320
Total undiscounted lease payments	$	1,444
Less effects of discounting		(1,033	)
Total lease liabilities recognized	$	411